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if the deal is not reached this week, but potential strike, law shoreman threatening to walk off the ports in the east on gulf coast. this could disrupt billions of dollars in shipments. joining us now ed butowsky, a hell of a way to start a week with the threat after strike. to put it in context, when l.a. had a dock workers strike ten years ago, it cost a billion dollars a day. this is going to affect ports in newark, houston, miami, this could be several billion dollar hits every day to our economy? >> yeah, and i tell you, when you look at it, it's really similar. there are some parallels to the fiscal cliff discussion. because the arguments are about are the royalty payments that the dock workers get for bringing merchandise on board and unloading the cargo and what the similarity is really that we're not-- they're not talking about more business, they're talking about how do we split up the same pie and same thing with the fiscal cliff, we're not talking growing the economy, how do you split up the economy getting the tax revenue and the same thing with the longshoreman strike. which
. but how do you define and that codify that into law? that's a much trickier issue. david: that was scott rasmussen with the latest poll on gun control and don't forget to tune into varney 9:20 sharp. and nicole-- okay, we'll go back to nicole, as soon as we find her, she's wandering the floor of the nyse. and stuart may be out this christmas eve, that doesn't mean he isn't spreading holiday cheer. liston what he has to say at 10:45, a christmas message from stuart. meanwhile, we are headed towards the fiscal cliff and if congress doesn't act soon the the u.s. economy could take a nosedive right off it. all this have comes as capitol hill, could a value-added tax be in the pipeline? are we slowly turning to europe. david, good to see you. and we already see us moving in terms of spending to the european model. will we move in terms of tax policy to the european model, specifically to a value-added tax like they have in most of europe? >> personally i think we should. >> on top of what we have, on top of an income tax. >> we need to cut back and what i would cut back is replacement for the
federal law because the federal law i think prohibits gambling on sports in several states other than nevada and three others which were grandfathered in. very simplest form the new jersey case seems as well if you allowed it in four states, why not just allow it everywhere? >> i think that is exactly right. that's the argument. why should the federal government ban something in new jersey that's allowed in nevada. adam: right. >> it is illogical. adam: along comes the nfl, the nba, different sports leagues and they say no, no, no. you can't allow betting on our games in it was the nba in new jersey. that will give perception the games are fixed and we're not up and up kinds of people, right? and the judge agreed? >> i think the judge came to the conclusion somehow it would harm the leagues. i don't think anyone thinks it is necessarily means it is fixed. what everyone wants, everyone bets illegally other than in navy. adam: not here. people to do this all the time. >> estimate 300 to $500 million is bet illegally in the u.s. if you took 5% of that, that means there are $150 million g
of law? >>guest: they don't have rule of law or access to credit and they are locked in a viciou circle poverty. it takes a small investment to get them out of that. to me it shows the aptitude of pele. when a young couple decide to grab if the kingdom a to have two children, they invest in the children and they take off. we have two-child families from re and onward. the world is governed fromhat. it is not the big corporations or banks that run the economy, it is the young couple who decide to work. >> when they are educated with wealth they . >> are lpful. this fantastic investment in vaccinations that helps so do you not have a kid who is physically handicapped for life, that drags the family down. the way that government sources are used is crucial. there are some things like advancement d research and primary school we need the government money but it has to be controlled. >> tnk you, sir. next, you want to live to be 150? my next guest says the first person to do so my have already been born. it might be you. do you want ive to be 150? i don't. how advances in medicine may change
. >> they don't have rule of law? >>guest: they don't have rule of law or access to credit and they are locked in a vicious circle poverty. it takes a small investment to get them out of that. to me it shows the aptitude of people. when a young couple decide t grab if the kingdom and to have two children, they invest in the children and they take off. we have two-child families from here and onward. the world is governed from that. it is not the big corporations or banks that run the economy, it is the young couple who decide to work. >> when they are educated with wealth they . >> are helpful. this fantastic investment in vaccinations that helps so do you not have a kid who is physically handicapped for life, that drags the family down. the wa that government sources are used is crucial. there are some things like advancement and research and primary school we need the government money but it has to be controlled. >> thank you, sir. next, you want to live to be 150? my next guest says the first person to do so my have already been born. it might be you. do you want to live to be 150? i don't.
the laws, all of the real estate lending, all that. there the ones to set e rules. i mean, we did this. we elected this same crowd. the senate still has harry reid, the democrat, the house has john painter, the president is still the president. why she we expect anything to change. >> i don't expect anythg to change. the reality is you have the same people. there very blunt, competent, dishonest, lying to the american public for a long time, promising things they know they cannot deliver. our children grandchildren will pay the prce. maybe sooner, but the bottom line is you are dealing with people who care about themselves to maintainng power. >> i think they care abut the 1%. they increase the taxes on those made for under thousand and above, less than 1%. and the republicans are holding the country hostage. they rejected that. tom: will that tax solve the deficit spending? >> it will if you include 2%, 250,000 for couples, 200,000 for individuals and above. you start taxing capital gains and dividends, reinstate that and get rid of $109 billion in corpate xes every year. you're looking i
minister who says he will consider changing the law governing central banks getting more politically involved. lori: we have larry in the pits of the cme. telling us why the pessimism on the fiscal cliff is making him bullish, believe it or not. and it is time to get defensive. larry, we will begin with you. how can you see this sorting out at the end of the day, a big deal, a little deal, no deal at all, what is the outcome? larry: the odds are pointing to a mini deal. expectations for a big deal are fading and fading quickly. it looks like it will be a mini deal with the tax extension will help those making under $250,000 per year and will not address the debt ceiling or spending or anything like that, it will be a patchwork of things that will make the market very nervous but given it is christmas eve, people are little bit negative but most christmas shopping. david: larry, round this time the irs issues its formal withholding guidance for the coming year. >> it'll be a bigger document than what we are used to because it will be giving guidance they are not sure even how to give
of tax laws at the end of last year which drove it down to $5 a share. obviously this year anybody who's bought it in the last year has had some pretty good gains. this stock was $18 just a couple of years ago and can certainly get back into the mid to upper teens. what it needs to get through is a better capital markets environment, so we hope that all these people in washington are listening and let the market get back to normal business. it also needs to get through a lot of mortgage headaches, and there's still a lot of them out there -- liz: and, frankly, anton, regulatory overhang. >> exactly. liz: a lot of capital requirements, for example, which may squeeze margins. >> well, i think that's all sort of been out there. the banking industry is better capitalized than it's ever been in its entire history. most banks, one would argue, have too much capital. and, you're right, it does squeeze margins. that being said, it makes them a lot safer. and many people have talked about banks being utility-like and return to the shareholders through dividends and buybacks, and i think you're
likely to hit the target versus law enforcement and representative ron paul is against all of this. he's saying this is not the answer, this or wellion surveillance totalitarian way to go and total state control he says will be invited into the schools if you're armed teachers. >> ron paul says that. >> representative ron paul is against this. >> use it as a extension of government. >> yeah, he does, i understand the man's point, i'm just surprised to hear this. >> he's vehemently against this. >> not every teacher is so stable, too. i tell you something, i come from a long line of teachers in my family, a lot of stories about teachers. >> send your e-mails-- >> stop it right now, the e-mails are on the way. in a few minutes the latest read on pending home sales for november. and we ask a secondary question, will falling off the fiscal cliff kill this one bright spot in the economy which is housing why can't congress make a deal? it had months to compromise and there's nothiig out there. the dow is down 88. copd makes it hard to breathe, but with advair, i'm b. so now i can be in the
does that send to the law makers? >> i think that sends a very clear message that the voters basically said we want divided government. we'll let president obama have a second term but we want the republicans who control the house and that's where tax, tax legislation originates, to basically hold the line on taxes. so i feel like the elector rate made it clear that republicans you're job to protect us from economy-strangling tags increases. this is very quick path for the republicans back into the minority in 2014. ashley: is all this a big forerunner to a big debate over the debt ceiling? >> interesting that you bring up the debt ceiling. i think that's what the republicans can do. if they basically walk away from a bad deal they have a lot more power going into 2013 in that, basically president obama is going to have to deal with them on the debt ceiling. why not negotiate from a position strength in 2013? any tax increases now are retroactive, rather than give in and basically do great harm to your brand in the near term in return for nothing? ashley: basically what lesson do we le
to stay. the new law will have a major impact on your life. find out what some companies are doing because of obamacare is bare. . there . . stuart: reports on the economy came out this morning, freddie mac's 30 year mortgage rate unbelievable, down 3.35%. new home sales, sales of new homes up 4.4% in november compared to the total and very interesting number, consumer confidence. the reading was 65 for december, lowest since august. people worried about the fiscal cliff, a low confidence number. weaker jobless claims down 350,000. the stock market is down this morning, down because senator harry reid essentially said looks like we are going over the fiscal cliff, he said that moments ago on the senate floor and blamed republicans. very much a political fight going on. the dow is down. some companies giving employees money taking care of their own health care. that is obamacare after the break. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live
to the 2013 withholding since congress is still considering changes in the tax law. we continue to closely monitor the situation. we intend to issue guidance by the end of the year on appropriate withholding for 2013. december 301st. the end of the year. we are told by officials that, in fact, there will be guidance from the treasury. what i'm sensing is there kind of waiting to see what comes out of these negotiations later today before they issued this guidance to employers. cheryl: secretary tim geithner has been involved off and on in the fiscal cliff discussions and talks. you keep hearing the word retroactive. because shockingly enough, if congress can't figure something out today, who would think that what happened. that would mean that this will get pushed down to later in the weekend it would come back. congress kicks in, things become retroactive. this is d.c. don't they have the power computer, to go home and come back and figure this out? >> they do. there are two approaches going forward from today. one is maybe have a framework today and pass it next week. then teams the tax
the senate so far. adam: three hundred million americans aged for the law into the potomac. thank you for being with us. bill beach from the heritage foundation. the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anyme the moment's right. you can be more confident in your ability to be ready. and the same cialis is t only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctorbout all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if
Search Results 0 to 21 of about 22 (some duplicates have been removed)

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